Simplicity Wealth LLC Raises Stock Holdings in First Trust Long/Short Equity ETF $FTLS

Simplicity Wealth LLC lifted its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 204.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,577 shares of the company’s stock after purchasing an additional 36,003 shares during the quarter. Simplicity Wealth LLC’s holdings in First Trust Long/Short Equity ETF were worth $3,551,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. OLD National Bancorp IN raised its stake in First Trust Long/Short Equity ETF by 6.1% during the second quarter. OLD National Bancorp IN now owns 38,141 shares of the company’s stock valued at $2,528,000 after purchasing an additional 2,187 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of First Trust Long/Short Equity ETF in the 2nd quarter worth about $212,000. Truist Financial Corp raised its position in shares of First Trust Long/Short Equity ETF by 1.3% during the 2nd quarter. Truist Financial Corp now owns 427,431 shares of the company’s stock valued at $28,330,000 after buying an additional 5,445 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 9.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 76,501 shares of the company’s stock valued at $5,071,000 after acquiring an additional 6,691 shares during the last quarter. Finally, Montis Financial LLC lifted its holdings in shares of First Trust Long/Short Equity ETF by 12.2% in the 2nd quarter. Montis Financial LLC now owns 23,242 shares of the company’s stock valued at $1,540,000 after acquiring an additional 2,523 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

Shares of NYSEARCA FTLS opened at $69.98 on Monday. The business’s 50 day moving average is $68.07 and its two-hundred day moving average is $65.78. First Trust Long/Short Equity ETF has a 1-year low of $58.90 and a 1-year high of $70.49. The stock has a market capitalization of $2.01 billion, a P/E ratio of 21.59 and a beta of 0.51.

About First Trust Long/Short Equity ETF

The First Trust Long\u002FShort Equity ETF (FTLS) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund takes both long and short position in US-listed equity with US and foreign exposure. The actively managed funds will typically be 90-100% long and 0-50% short. FTLS was launched on Sep 9, 2014 and is managed by First Trust.